https://www.taxtmi.com/caselaws?id=335865 Reversal or denial of input tax credit on wastage, export-linked purchases, and capital-goods refund claims requires a factual enquiry into the manufacturing process, actual loss, and the statutory nexus with exported goods; a fixed ad hoc percentage cannot be applied mechanically. An unreasoned rejection of a refund claim, without disclosure of the basis and without hearing the taxpayer, violates natural justice. The impugned findings were set aside and the matters were remitted for fresh adjudication after notice, objections, inspection, and personal hearing. en-us Mon, 28 Nov 2016 00:00:00 +0530 Mon, 15 Feb 2021 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335865 Reversal or denial of input tax credit on wastage, export-linked purchases, and capital-goods refund claims requires a factual enquiry into the manufacturing process, actual loss, and the statutory nexus with exported goods; a fixed ad hoc percentage cannot be applied mechanically. An unreasoned rejection of a refund claim, without disclosure of the basis and without hearing the taxpayer, violates natural justice. The impugned findings were set aside and the matters were remitted for fresh adjudication after notice, objections, inspection, and personal hearing. Case-Laws VAT and Sales Tax Mon, 28 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335865